Exploration success and continued mine development also looks set to increase production in the long-term. With the outlook for silver continuing to be positive we therefore rate the group a buy.

Channel Resources (CVE:CHU) unveiled Monday a maiden NI 43-101 compliant resource estimate for its Fox Creek mineral brine project near the town of Fox Creek in Alberta, sending shares up more than seven percent in early morning trade.

Goldman is lending EMED the project financing money and it will be repaid in copper following the restart of the Rio Tinto mine in Andalucía, Spain.

EMED Mining has agreed a deal with banking heavyweight Goldman Sachs in relation to a US$175 million financing package for the development of the Rio Tinto copper mine

Eavex Capital has initiated coverage on Ukraine-focused Black Iron (TSE:BKI) with a "buy" rating and $1.51 target price.

A new Chinese offtake partner has bought a 10 per cent stake in the company and will provide up to US$30 million to help fund the mine restart project.